In a recent published report, Kenneth Research has updated the market report for Home health hub Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Home health hub Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
Global Home Health Hub Industry was valued at USD 218.8 Million in the year 2018. Global Home Health Hub Industry is further estimated to grow at a CAGR of 33.2% from 2019 to reach USD 1640 Million by the year 2025. In the Global Home Health Hub Industry, by region North America region holds the highest Industry share in 2018 and is also Industry is considered as the fastest growing Industry in the forecasted period owing to their Industry demands. At country level U.S and Canada is projected to grow strongly in the coming years due to high adoption of advanced technologies.
The global home health hub Industry is segmented on the basis of by product and service, type of patient monitoring, end user, and region. On the basis of products and services Standalone Hubs holds the highest Industry share and is expected to grow with XX% CAGR in coming years. Based on type of patient monitoring, the Industry is segmented into high-acuity patient monitoring, moderate-acuity patient monitoring, and low-acuity patient monitoring. The high-acuity patient monitoring segment accounted for the largest share of the home health hub Industry in 2018.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Major market players in Home Health Hub Industry are Honeywell International, Qualcomm Incorporated, Vivify Health Inc., iHealth Lab, Lamprey Networks, IDEAL LIFE Inc., OnKöl, AMC Health, Hicare (Subsidiary of Insung Information Co. Ltd), MedM Inc, and Other 8 more company’s detailed information provided in the report.
SWOT analysis of Home Health Hub Industry
Strength:
Rapid increasing geriatric population
Lack of Healthcare Professionals
Weakness:
Security & Privacy Concerns
Opportunities:
Growing healthcare awareness and need of healthy lifestyle
Threats:
Lack of Awareness & Availability
Home Health Hub Industry Segmentation:
Home Health Hub Industry Overview, By Products & Services
• Standalone Hubs
• Smartphone-based hubs
• Remote Patient Monitoring Services
• Support & Maintenance Services
• Services
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Home Health Hub Industry Overview, By Patient Monitoring
• High-acuity Patient Monitoring
• Moderate-acuity Patient Monitoring
• Low-acuity Patient Monitoring
Home Health Hub Industry Overview, By End Users
• Hospitals
• Home Care Agencies
• Healthcare Payers
• Nursing Homes & Assisted Living Facilities
Home Health Hub Industry Overview, By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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1. Introduction
1.1 Industry Vision
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottom-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Home Health Hub Industry, By Products & Services
6.1 Standalone Hubs
6.2 Smartphone-based hubs
6.3 Remote Patient Monitoring Services
6.4 Support & Maintenance Services
6.5 Services
7. Home Health Hub Industry, By Patient Monitoring
7.1 High-acuity Patient Monitoring
7.2 Moderate-acuity Patient Monitoring
7.3 Low-acuity Patient Monitoring
8. Home Health Hub Industry, By End Users
8.1 Hospitals
8.2 Home Care Agencies
8.3 Healthcare Payers
8.4 Nursing Homes & Assisted Living Facilities
9 Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. RoE
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